Middle East Economic Survey

VOL. XLVII

No 39

27-September-2004

TELECOMS

OPEC Fund Providing Loan To Syrias Second GSM Provider

The OPEC Fund for International Development announced on 22 September that it was providing a $10mn loan to SpaceTel Syria, the second GSM provider in the country. Formed in 2001, SpaceTel was awarded a 15-year mobile license on a build-operate-transfer (BOT) basis. The funds loan will assist the company in expanding network capacity to meet the countrys growing mobile...